Nonprofit · EIN 88-3613546
MINNESOTA BLACK COLLECTIVE FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,317,894 | $2,377,746 | -$59,852 | $4,997,135 | $48,273 | $4,948,862 |
| December 31, 2024 | 990 | $2,832,734 | $2,146,639 | $686,095 | $5,154,987 | $152,825 | $5,002,162 |
| December 31, 2023 | 990 | $5,851,290 | $1,535,223 | $4,316,067 | $4,713,584 | $397,517 | $4,316,067 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,216,392
- Program service revenue
- $0
- Investment income
- $101,102
- Net gain from sales of assets
- -$632
- Other revenue
- $400
Expenses
- Grants and similar amounts paid
- $733,000
- Compensation of officers, directors and key employees
- $470,364
- Other salaries and wages
- $98,488
- Salaries, compensation and benefits (total)
- $616,250
- Professional fundraising fees
- $15,475
- Legal fees
- $1,258
- Accounting fees
- $100,774
- Occupancy
- $9,000
- Travel
- $8,860
- Program services (functional)
- $1,890,916
- Management and general (functional)
- $316,667
- Fundraising (functional)
- $170,163
Balance sheet and other
- Total assets, start of year
- $5,154,987
- Total assets, end of year
- $4,997,135
- Total liabilities, end of year
- $48,273
- Net assets, end of year
- $4,948,862
- Publicly traded securities
- $1,015,955
- Net assets without donor restrictions
- $3,105,044
- Net assets with donor restrictions
- $1,843,818
- Gross receipts
- $2,348,870
- Employees
- 4
- Volunteers
- 30
- Year formed
- 2022
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lulete Mola | President & Co-Founder Officer | 40 | $175,196 | $29,919 |
| Stacy Papier-Meister | Sr Director of Ops & Admin Lead Highest-paid employee | 40 | $110,479 | $34,188 |
| CeMar Peterson | Sr Director of Impact Highest-paid employee | 40 | $109,325 | $11,256 |
| Shawntera Hardy | Board Member Trustee or director | 1 | $0 | $0 |
| Rachel Hardeman | Board Member Trustee or director | 1 | $0 | $0 |
| Aretha Green-Rupert | Chair/Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jai Winston | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lulete Mola | Secretary, President, Co-Founder & Corp Member Trustee or director, Officer | 40 | $170,054 | $23,201 |
| Chanda Smith Baker | Treasurer (Jan-Mar), Corp Member Trustee or director, Officer | 2 | $73,700 | $0 |
| Shawntera Hardy | Board Member Trustee or director | 1 | $0 | $0 |
| Rachel Hardeman | Board Member Trustee or director | 1 | $0 | $0 |
| Repa Mekha | Chair (Jan-Mar), Corp Member Trustee or director, Officer | 2 | $0 | $0 |
| Aretha Green-Rupert | Chair/Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Jai Winston | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chanda Smith Baker | Treasurer Trustee or director, Officer | 3 | $40,200 |
| Repa Mekha | Chair Trustee or director, Officer | 3 | $0 |
| Lulete Mola | Secretary, President & Co-Founder Trustee or director, Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2429 NICOLLET AVE, MINNEAPOLIS, MN 55404-3450
- In care of
- % LULETE MOLA
- Principal officer (990 for 2025)
- Lulete Mola, 2429 Nicollet Ave, Minneapolis, MN 55404
- Signed the 990
- Lulete Mola, President & Co-Founder
- Phone
- (612) 293-7787
- Return prepared by
- BWK Rogers PC
Mission
Our mission is to build Black philanthropic power to strengthen the ecosystem of Black-led social, political, and economic change in Minnesota and beyond.
Program accomplishments
- MN Legal Education, Advocacy, and Defense (MN LEAD): We facilitate, support, and inspire the philanthropic, non-profit, and social impact field to be in power-shifting solidarity to realize the promise of racial justice. We partner with renowned organizations to advance systems change through data, relationships, and networks. In 2025, The Collective expanded the MN LEAD initiative, a multiracial effort to build a strong, interconnected ecosystem that proactively addresses legal challenges to race-conscious grantmaking, programs, and activities. MN LEAD helps shape narratives, provide education, and support strategic efforts for racial justice for nonprofit organizations throughout MN.Expenses $747,107 · grants $254,375
- New Suns Fellowship: Since inception, the Collective has been committed to supporting the genius of Black leaders. Through the New Suns Fellowship, we create one-of-a-kind experiences designed to sustain the well-being of leaders as they build resilient organizations, contribute to a connected ecosystem, and build a movement for Black-led Change. Fellowships include flexible funding for well-being, sustainability, and readiness to lead. Retreats and convenings offer immersive spaces for reflection, strategic planning, and community-building. Fellows also serve as a brain trust of advisors to the Collective, guiding responsive organizing and philanthropic investments aligned with our mission.Expenses $603,573 · grants $449,500
- Events & Convenings: We continue to strengthen the ecosystem of those that serve the Black community through community convenings, retreats, and more. For example, in 2025 we hosted The Collective Sum, a three-day immersive summit that blends deep learning, community building, and collective strategizing. Together, we explored bold ideas at the intersection of culture, economic power, and civic engagement. Attendees engaged in conversations and strategies that respond to today's challenges while staying true to our values. Another example is our Rooting engagement. For 4 years, Rooting has been a premier social gathering series curated for people working, leading, and serving the Black community in the social sector. At Rooting, we network, strengthen relationships, break bread, and reflect with one another on what it takes to be well and work for a more just MN.Expenses $341,182 · grants $13,125
- Other Program: We work to harness the power, leadership, and brilliance of Minnesota's Black communities to create transformational solutions across the justice system, safety, economics, health, and well-being. Other program investments are used across community-based grantmaking, organizational infrastructure, programming, endowment, research, and convening to resource and advance the ecosystem of Black-led change and to expand who can impactfully participate in philanthropy.Expenses $199,054 · grants $16,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-3613546
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $4,997,135
- Income (IRS master file)
- $2,348,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,317,894 | $2,377,746 | $4,997,135 | XML |
| 990 | December 2024 | $2,832,734 | $2,146,639 | $5,154,987 | XML |
| 990 | December 2023 | $5,851,290 | $1,535,223 | $4,713,584 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-3613546).
Questions about MINNESOTA BLACK COLLECTIVE FOUNDATION
- What is the EIN of MINNESOTA BLACK COLLECTIVE FOUNDATION?
- The employer identification number (EIN) of MINNESOTA BLACK COLLECTIVE FOUNDATION is 88-3613546.
- Is MINNESOTA BLACK COLLECTIVE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MINNESOTA BLACK COLLECTIVE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNESOTA BLACK COLLECTIVE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MINNESOTA BLACK COLLECTIVE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MINNESOTA BLACK COLLECTIVE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MINNESOTA BLACK COLLECTIVE FOUNDATION?
- The 990 for the year ended December 31, 2025 names Lulete Mola.
- Who are the officers and directors of MINNESOTA BLACK COLLECTIVE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 3 received compensation from the organization, the highest $175,196 (Lulete Mola, President & Co-Founder).
- How much revenue does MINNESOTA BLACK COLLECTIVE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,317,894, expenses of $2,377,746 and total assets of $4,997,135 at year end.
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